August 2021

Texas Surplus Line Reporter

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and writing about this business for over 40 years.

Articles

TWIA board approves rate hike on coastal properties

TWIA board approves rate hike on coastal properties

The majority of the board of Texas Windstorm Insurance Association voted to implement a five percent rate increase for residential and commercial policyholders, effective Jan. 1, 2022. Approval came on a 5-3 vote at the Aug. 3 virtual meeting. Staff submitted the rate...

Coastal lawmakers obtain TWIA records, seek A.G. opinion

Coastal lawmakers obtain TWIA records, seek A.G. opinion

If the Texas Windstorm Insurance Association had thought its 2021 battles with legislators ended on May 31 when the legislature adjourned sine die, it was mistaken. An “information request for legislative purposes” from Rep. Mayes Middleton, R-Wallisville, 11 days...

TSLA speakers tout the success of surplus lines market

TSLA speakers tout the success of surplus lines market

It may have sounded like Christmas in July when members of the Texas Surplus Lines Association gathered on July 19 in Vail for the association’s midyear meeting to hear good news about the surplus lines market in general and Texas in particular. Two speakers told them...

Legalized cannabis creates new insurable exposures

Legalized cannabis creates new insurable exposures

With cannabis use getting closer than ever before to becoming legal nationwide either medicinally or recreationally, Admiral Insurance Company’s Vice President of Cannabis Underwriting Keith Distel presented to attendees of the Texas Surplus Lines Association Mid-Year...

Stamping offices across U.S. process $24 billion in premium

Stamping offices across U.S. process $24 billion in premium

Based on information provided by the Wholesale and Specialty Insurance Association (WSIA), the 15 stamping and service offices across the U.S. processed more than $24 billion in surplus lines premium for the first half of 2021. This represents a 21.9 percent increase...

Smiles and laughter have beneficial effects

Smiles and laughter have beneficial effects

By MICHAEL G. MANESManes and AssociatesSmiling will make you feel and do better, even in the worst of times. Today and for the foreseeable future, our worlds will be more chaos than calm, more challenging than comfortable, and more high risk than operating inside our...

Planning underway for 2022, will staff return to London?

Planning underway for 2022, will staff return to London?

London ViewsBy LEN WILKINSLondon CorrespondentAt this time of year most of London’s insurance staff is on holiday. However, there usually are high-level planning teams of brokers and insurers looking at the forthcoming renewal season and preparing their business plans...

News In Brief

News in Brief

News in Brief

PEOPLE The Independent Insurance Agents of Texas announced on July 23 that Regan Ellmer has joined the government affairs team at the state association. Ellmer was named director of government affairs, as IIAT announced the promotion of Lee Loftis to chief legislative...